Topic: HyipFriends.com - New Social Network for the HYIP, BitCoin & ICO Community (Read 390 times)

I'm actually unsure now if I should attribute this to blissful ignorance or refreshing honesty!

I think if we set aside the illogical title that erroneously lumps HYIP together with Bitcoin and ICOs, we can marvel at a few things here:

1. How words have evolving definitions. "high yield investment programmes". Interesting to see how online investor guides by definition equate HYIPs to ponzi scams, when they should have legitimate use, particularly when "low-yield investments" and "high-yield returns" are common labels used in banking and finance.

2. How some people (I believe, more than I'd guess actually) see Bitcoin and ICOs as HYIP - a risky gamble, promising incredible returns, where common strategies include "get in early" and "get out before everyone else does". I'm pretty sure a number of ICOs already can be classified as scams but don't fit into the ponzi structure of HYIP but perhaps one day in the future, even the term HYIP will include variations of ICO models.

In fact, the trendiest HYIPs now offer rates that seem a lot lower than what you'd find promised by some ICOs or even by services. Check out some of the cloudmining contracts, for example, whose calculators show breakeven after 7-9 months. Or check out ICOs that predict more than 3% dividends per month. I've personally seen more than 5% a month either on gambling investments or on loan interest at Poloniex. They are arguably as risky as HYIPs, on the face of it.

Lines getting blurry yet?

HYIP community? Then it would be a big No for me. For sure people most on here are already aware on whats HYIP and why we would join up the group? for what purpose? On planning on scamming greedy people?
No thanks and this thing shouldn't really be tolerable at all and I would rather join up ICO community and discussing about it rather than on discussing scam HYIPs.

As others have mentioned you seem to be trying in things that don't go together. Although some ICOs are questionable, they should by no means be identified together with HYIP aka Ponzi schemes that are deemed illegal across the globe and are in no way fair.
I think you need to go back to the drawing board and rename and rebrand your site with the aim of faolely ocussing on one (hopefully the more legitimate one).

My goodness, a social network for HYIP So what will be the discussion out there? How to lure and seduce innocent investors in an attempt to scam and rip off them? I think you are confusing Bitcoin and ICO with HYIP, which is not, except for a few Pump and Dump coins/tokens.

HYIP stands for High-yield investment program:
Your "social network" is based on scamming people.

Stealing from your "friends", great business concept What's next: blackmailing your friends?

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